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Date: 04/06/2025

China’s declining steel demand causing shift from coking coal

China’s declining steel demand, particularly due to a slump in the property sector, is leading to a shift away from premium coking coal. Steel mills are reducing output, causing prices of coking coal and coke used in blast furnaces to plummet to their lowest since 2016. This shift is also being driven by policies aimed at reducing carbon emissions from the steel sector, which is a major consumer of coal. China’s government is actively promoting policies to reduce carbon emissions from the steel sector. This includes phasing out coal-based steelmaking and promoting electric arc furnace (EAF) production. The goal is to reduce the overall carbon intensity of the steel industry. In essence, China’s steel industry is undergoing a significant transformation, which is impacting the demand for coking coal and pushing the industry towards cleaner production methods, as per a report.
 
Source: Exim News Service: Singapore, June 3



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